Question

Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typning  not by hand writing, so that I can read and understand your answer clearly.thanks in advance/Ha

Q.1) Wages in the US have been steadily increasing since the 1980s. This question is about relating this increase in wages to changes in female labor supply over time. a) Using the basic static model of individual labor supply, discuss both graphically and explain in your own words how this increase in wages can have contributed to the increase in female labor force participation in the US over time.

b) What impact will the increase in the wage rate have on hours worked (of females already working in the 1980s)? Discuss all relevant effects. Which effect dominates if hours worked increase following an increase in the wage rate? You do not need to draw a graph for this answer.

Answer 1